ING Group : Good Q4 net profit, no SBB, future NII pressure & expense growth
>Conclusion: Good Q4 net profit, no SBB, future NII pressure & expenses growth - For 4Q23, we expect a net profit of € 1.63bn with assumed 16bp of loans in loan losses. For 4Q23 we expect a stable net interest income (NII) as the higher asset yield is being offset by a higher liability costs and the MRR headwind. The 4Q23 commission income is likely to rise marginally qoq by wholesale banking. Further, for the expenses we expect a small qoq growth given the continui...ING Groep is a global financial institution based in the Netherlands. Co. is engaged in offering a wide range of retail and wholesale banking services to customers in over 40 countries across Europe, the Americas, Asia and Australia. In addition to the basic banking services of lending, payments and cash management and treasury, Co. provides tailored banking solutions in areas including corporate finance, commercial finance (factoring), equity markets and debt capital markets to help clients achieve their business goals. Co.'s operations are organized along five segments: Retail Netherlands; RetailBelgium: Retail Germany: Retail Other; and Wholesale Banking.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.